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Surge says $430-million asset sale will reduce debt, help invest in discovery

2015-04-27 17:21:00| Oil & Gas - Topix.net

Surge Energy Inc. is selling some of its oil-producing assets in Saskatchewan and Manitoba for $430 million to an unidentified Canadian company. Calgary-based Surge said the sale will allow it to reduce its indebtedness and prepare it to redeploy capital to the Upper Shaunavon oil discovery in southwestern Saskatchewan.

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